<h1>Bandhan Bank's Q3 Net Profit Drops 42% Due to Accounting Changes and Bad Loan Provisions; Focus on Diversification</h1> Private lender Bandhan Bank reported a 42% decline in net profit for the third quarter, amounting to Rs 426 crore compared to Rs 733 crore in the previous year. The decrease was attributed to a change in accounting procedures and an additional provision of Rs 336 crore for bad loans. The Employee Stock Option Scheme also impacted profits by Rs 166 crore. The bank's strategy focuses on diversifying beyond microfinance, emphasizing liability products and digital banking. Net revenue rose to Rs 3,926 crore, with operating profit at Rs 2,021 crore. Deposits and advances were Rs 1.41 lakh crore and Rs 1.32 lakh crore, respectively. The capital adequacy ratio decreased to 16.1%. Gross and net NPAs declined by 24.1% and 32.9%.